Tech stocks tumble as a Chinese competitor threatens to upend the AI industry; Nvidia down 17%
Wall Street’s superstars are tumbling as a competitor from China threatens to upend the artificial-intelligence frenzy they’ve been feasting on.
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OR: "AI speculative bubble deflates as people realise there may not be massive profit in AI". It's not upending the AI industry, it's upending the expectations that AI will be a license to print money (which has been based on nothing).
It's upending the AI investment industry, and that's the only thing the billionaires actually care about
These companies kept promising proprietary meant that they could innovate more & that you needed billions of dollars to make it work, and then got their asses handed to them by an open source model developed in two months costing over 200x less
Lol it is open source. They can't even fathom what that means & how something can be free & open, and how allowing anyone to contribute & use something helps innovation.
They know exactly what it means and how that works. They're just sorting out how to strangle it in its crib.
20 years before they figure out how to enforce it.
How long did it take to ban TikTok ? Oof it's still up
Anytime we talk about China it's dick measuring, and we're not winning
Not with that attitude
I just love seeing the chaos and the tech bajillionaire panic about it being open source :D
Unfortunately Deepseek is not very good and highly sanitized.
I guess investors are not very savvy. Now would be a good time to buy.
Yup, I bought $4 more worth of Nvidia.
You can tell when I do investments I play with the big boys
To the moon 🚀 🌚
LFG!!!!
Ha ha!
The massive upside to Deepseek R1 being released is that these new reasoning capabilities will increase demand for inference devices. I would remain bullish!